Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Net sales $ 45,076 $ 38,143 $ 92,645 $ 74,218
Cost of products sold 37,885 32,863 74,477 62,194
Gross profit 7,191 5,280 18,168 12,024
Other expenses and income:        
Selling, general and administrative 6,115 5,059 13,134 10,544
Selling, general and administrative – amortization 273 273 547 547
Operating income (loss) 803 (52) 4,487 933
Other expense (income), net 94 (62) 187 (125)
Interest expense, net 55 246 240 403
Income (loss) before provision (benefit) for income taxes 654 (236) 4,060 655
Provision (benefit) for income taxes 243 (40) 1,009 175
Net income (loss) $ 411 $ (196) $ 3,051 $ 480
Basic:        
Net income (loss) $ 0.04 $ (0.02) $ 0.29 $ 0.05
Diluted:        
Net income (loss) $ 0.04 $ (0.02) $ 0.28 $ 0.05
Weighted average common shares outstanding:        
Basic 10,699 10,617 10,675 10,614
Diluted 10,810 10,617 10,761 10,618